Dec 30, 2024 · The Canadian Real Estate Association (CREA) 2025 home sales forecast: 499,816 (+6.6% year-over-year) “…the profile for sales from one of a gradual improvement has changed to one whereby the market is forecast to remain in more of a holding pattern until next spring, when a sharper rebound is expected.

Dec 14, 2024 · Canada Housing Infrastructure Fund (CHIF): A $1-billion fund supporting critical infrastructure projects, such as water and wastewater systems, to enable new housing developments. Public Lands for Homes Plan: Unlocks underutilized federal properties to expedite housing construction and increase the availability of affordable homes.. Housing Accelerator Fund (HAF): A $4-billion initiative ...

Oct 28, 2024 · Earlier this month, the federal government unveiled the Secondary Suite Refinance Program, set to launch January 15, 2025, which will allow homeowners to refinance up to 90% of their property’s value (capped at $2 million) to add up to four rental units—such as basement apartments, in-law suites, or laneway homes.

Dec 11, 2024 · Fixed-rate mortgages: For homeowners with fixed-rate mortgages, today’s rate cut won’t affect your current payments, as your rate is locked in for the duration of your term. What’s next for the Bank of Canada? The next rate decision from the Bank is set for January 29, 2025. While more rate cuts are expected in 2025, it’s still too soon to …

Oct 23, 2024 · With the Bank of Canada announcing yet another interest rate cut—a half-point reduction this morning—its key policy rate has now fallen to a two-year low of 3.75%. This is the fourth rate cut this year, continuing to lower interest costs for …

Dec 31, 2024 · As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

Dec 2, 2024 · As regular readers of Canadian Mortgage Trends know, bond yields typically influence fixed mortgage rate pricing. However, that’s not the case right now. Several lenders, including three of the Big 5 banks, have recently raised rates on some of their fixed-rate products.

Nov 6, 2024 · Proposed corporate tax cuts and deregulation are likely to enhance profitability for Canadian banks with substantial U.S. operations, such as Bank of Montreal, Scotiabank and TD Bank, positioning them to gain from a friendlier regulatory environment south of the border.

Oct 21, 2024 · Markets believe the central bank is likely to deliver a “supersized” rate cut this week due to cooling inflation and a weakening job market. If that plays out, both RBC and National Bank, along with Caisse Desjardins, are forecasting another 175 basis points (1.75 percentage points) of rate relief by the end of 2025. This would suggest a prime lending rate of 4.20% at most major lenders, a ...

Jan 14, 2025 · Bank of Canada research suggests 60% of those with mortgage renewals in the next two years will face payment hikes.. National Bank says a temporarily lower BoC policy rate could help ease that transition. “It’s also not coincidental that rate hikes would begin after the big mortgage refinancing window passes,” Schleich said.“The lower policy rate we have from late 2025 to early 2026 ...